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Monday, November 9, 2009

Wall Street Bonuses Rise as Big 3 May Pay $30 Billion

Goldman Sachs, Morgan Stanley and JP Morgan Chase will pay out up to $30 BILLION in bonuses as the rest of America dangles in the wind, unable to find a job!

Outrage!!

Goldman and Morgan Stanley are speculative intermediaries, which would have failed during the financial meltdown had they not received gov't support.

JP Morgan Chase is a commercial bank that resembles an investment bank/hedge fund because of the repeal of Glass Steagall. They closed my overdraft line of credit, even though it was current and I've had it for 10 years. Shame on you, Jamie Dimon!

5 comments:

Parasite is just the right word in this case. I'm just sorry that there isn't more outrage. As the economy improves, albeit very slowly, people will largely forget about this scandal and move on as they always do.